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Australia - Trade Openness 1978

Name: Australia Trade Openness 1978
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

28.14% −0.45% from 1977 Global rank: 15th

Australia's trade openness was 28.14% in 1978, decreased +0.45% from 28.59% in 1977. This was the 15th highest globally.

Global Ranking - 1978▾

Trade Openness by Country - 1978
Rank	Country	Value	YoY
1st	Türkiye	11.44%	-21.3%
2nd	India	12.90%	2.0%
3rd	Argentina	14.32%	-15.5%
4th	Brazil	14.58%	-3.8%
5th	China	15.40%	65.2%
6th	United States	16.97%	3.4%
7th	Ghana	18.05%	-18.1%
8th	Japan	19.31%	-16.5%
9th	Bangladesh	21.04%	8.3%
10th	Mexico	21.51%	4.7%
11th	Sudan	23.13%	-11.0%
12th	Nepal	26.04%	-0.2%
13th	Spain	27.76%	-4.9%
14th	Pakistan	27.92%	2.6%
15th	Australia	28.14%	-1.6%
16th	Colombia	30.42%	1.2%
17th	Greece	32.29%	-4.4%
18th	Uganda	32.52%	91.8%
19th	Ecuador	33.30%	-3.3%
20th	Burkina Faso	35.22%	-8.3%
21st	Germany	37.04%	-2.4%
22nd	Rwanda	38.58%	20.8%
23rd	Peru	39.71%	5.6%
24th	Uruguay	40.00%	-6.0%
25th	Paraguay	40.53%	-3.2%
26th	France	41.12%	-2.9%
27th	Portugal	41.13%	1.5%
28th	Italy	41.17%	-1.3%
29th	Madagascar	41.21%	12.9%
30th	Mali	41.43%	28.1%
31st	Zimbabwe	42.01%	0.9%
32nd	Chile	42.46%	4.0%
33rd	Indonesia	42.71%	-2.0%
34th	Guinea-Bissau	43.79%	4.5%
35th	Sierra Leone	43.83%	-5.6%
36th	Thailand	44.00%	-2.9%
37th	Chad	44.39%	1.5%
38th	Iran, Islamic Republic of	45.69%	-23.7%
39th	Syrian Arab Republic	46.07%	-21.7%
40th	Morocco	46.44%	-14.3%
41st	European Union	46.53%	-2.6%
42nd	Dominican Republic	48.11%	-2.5%
43rd	Guatemala	48.74%	-3.9%
44th	Canada	48.84%	6.7%
45th	Senegal	50.21%	-21.5%
46th	Niger	50.36%	2.8%
47th	Sweden	50.44%	-1.8%
48th	South Africa	50.95%	5.7%
49th	Benin	51.07%	0.2%
50th	Cameroon	51.78%	-2.1%
51st	Brunei Darussalam	51.84%	-0.5%
52nd	New Zealand	52.54%	-2.5%
53rd	Finland	52.62%	0.5%
54th	Bolivia, Plurinational State of	52.70%	-6.6%
55th	Korea	53.25%	0.5%
56th	Egypt, Arab Republic of	53.84%	1.7%
57th	United Kingdom	54.99%	-6.7%
58th	Denmark	57.09%	-5.4%
59th	Central African Republic	57.31%	-3.7%
60th	Austria	59.90%	-1.0%
61st	Costa Rica	64.21%	-4.5%
62nd	Nicaragua	65.66%	-5.6%
63rd	Algeria	65.70%	-9.2%
64th	Iceland	66.81%	5.2%
65th	Kenya	67.62%	1.6%
66th	Tunisia	69.70%	3.1%
67th	El Salvador	69.80%	-7.7%
68th	Norway	70.72%	-7.2%
69th	Mauritania	71.24%	-7.2%
70th	Côte d'Ivoire	73.96%	-6.3%
71st	Sri Lanka	74.32%	16.2%
72nd	Cuba	76.76%	-0.1%
73rd	Faroe Islands	80.26%	-5.5%
74th	Somalia, Fed. Rep.	82.01%	3.2%
75th	Switzerland	83.62%	-4.2%
76th	Seychelles	85.32%	-3.2%
77th	Israel	85.98%	22.0%
78th	Netherlands	86.48%	-3.6%
79th	Papua New Guinea	87.36%	-4.3%
80th	Iraq	88.33%	-9.0%
81st	Saudi Arabia	90.91%	1.0%
82nd	Belgium	92.31%	-3.5%
83rd	Malaysia	92.55%	-0.2%
84th	Gambia, The	93.57%	11.1%
85th	Honduras	93.82%	-3.4%
86th	Tonga	96.66%	6.2%
87th	Mauritius	97.47%	-8.7%
88th	Ireland	99.71%	1.7%
89th	Togo	100.64%	39.7%
90th	Puerto Rico (US)	101.42%	-5.1%
91st	Congo, Republic of	104.79%	-5.5%
92nd	Cyprus	105.25%	-8.9%
93rd	Oman	107.05%	4.6%
94th	Lesotho	107.85%	-13.3%
95th	Gabon	108.68%	5.7%
96th	Kuwait	110.40%	-4.4%
97th	Jordan	113.29%	-2.4%
98th	Botswana	120.58%	0.3%
99th	Kiribati	125.01%	7.6%
100th	Panama	125.82%	-8.2%
101st	Guyana	126.18%	-11.1%
102nd	Bahamas, The	150.18%	0.9%
103rd	Malta	154.09%	-7.9%
104th	Luxembourg	161.88%	-2.1%
105th	Hong Kong SAR, China	170.15%	6.2%
106th	Singapore	334.60%	2.3%

FAQ

What was Australia's trade openness in 1978?▾

Australia's trade openness in 1978 was 28.14%. This ranked 15th globally.

How did Australia's trade openness change in 1978?▾

Australia's trade openness decreased by 1.6% in 1978 compared to 1977.

Which country had the highest trade openness in 1978?▾

Singapore had the highest trade openness in 1978 at 334.60%.

What is the trade openness of Australia in 1978?▾

The trade openness of Australia in 1978 was 28.14%. This ranked 15th globally.

How does 1978 compare to 1977 for Australia's trade openness?▾

Australia's trade openness went from 28.59% in 1977 to 28.14% in 1978, a 1.6% decrease.

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